Advertisement
UK markets closed

  • FTSE 100

    8,433.76
    +52.41 (+0.63%)
     

  • FTSE 250

    20,645.38
    +114.08 (+0.56%)
     

  • AIM

    789.87
    +6.17 (+0.79%)
     

  • GBP/EUR

    1.1622
    +0.0011 (+0.09%)
     

  • GBP/USD

    1.2525
    +0.0001 (+0.01%)
     

  • Bitcoin GBP

    48,623.09
    -1,602.44 (-3.19%)
     

  • CMC Crypto 200

    1,261.06
    -96.94 (-7.14%)
     

  • S&P 500

    5,222.68
    +8.60 (+0.16%)
     

  • DOW

    39,512.84
    +125.08 (+0.32%)
     

  • CRUDE OIL

    78.20
    -1.06 (-1.34%)
     

  • GOLD FUTURES

    2,366.90
    +26.60 (+1.14%)
     

  • NIKKEI 225

    38,229.11
    +155.13 (+0.41%)
     

  • HANG SENG

    18,963.68
    +425.87 (+2.30%)
     

  • DAX

    18,772.85
    +86.25 (+0.46%)
     

  • CAC 40

    8,219.14
    +31.49 (+0.38%)
     
MONEY:

Best savings accounts that offer above inflation rates

How to earn the most interest on your savings

Enel wrote to Italy regulator over broadband role

Reuters - UK Focus

MILAN, May 11 (Reuters) - Italy's biggest utility Enel has written to the Italian communications regulator over a possible role in developing a national ultrafast broadband network, a move that could put pressure on phone group Telecom Italia (Other OTC: TIAJF - news) .

Enel (Milan: ENEL.MI - news) , which is controlled by the Italian government, wrote a letter to the regulator on April 14 saying its domestic network could be used to help roll out fiber optic cables more cheaply.

"Enel believes it can help develop a key infrastructure for the future of the country," Enel's head of Italy Carlo Tamburi said in the letter to AGCOM, which Reuters saw on Monday.

Enel said its contribution would be done "in a synergic way with what the telecoms operators have done and planned" bringing clear benefits to industrial and low urbanised areas. (Writing by Stephen Jewkes and Danilo Masoni)